KUALA LUMPUR: The government still bears around RM7bil in subsidies related to diesel in Peninsular Malaysia, says Prime Minister Datuk Seri Anwar Ibrahim.
He explained that subsidies have not been abolished. The diesel subsidy rationalisation aims to ensure more efficient management of subsidies, preventing misuse and ensuring they reach appropriate groups.
“The main goal of the diesel subsidy rationalisation policy is to ensure that subsidy wastage no longer continues while ensuring that the savings are returned to the wider population,” he said in a statement on Monday (June 17).
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Anwar said savings from the implementation of targeted subsidies would be returned to the people in the form of education, health, public transportation, and other sectors that have the greatest impact on the public.
According to him, the Madani Government would also remain committed to combating diesel smuggling while striving to balance the government’s efforts with issues of supply and the cost of living.
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